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From underground to legitimacy: the normative dilemmas of post-communist marketization

In: Privatization and Entrepreneurship in Post-Socialist Countries

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  • Maria Łos

Abstract

With the demise of communist parties in Central Europe and the exhaustion of Soviet communism, a new dilemma poses itself in relation to the sphere of the so-called second economy. Is it a bridge or a hindrance to successful transition to the market and free enterprise model? A useful approach may be to look at the informal normative orders which have governed the communist second economy and enabled it to flourish. It is quite clear that these were antithetical to the principles of rigid obedience to the plan and the state’s ownership of the national economy. Indeed, they were stubborn manifestations of the irrepressibility of the market laws of demand and supply and the endurance of self interest as the principle economic motivation. But are these hidden normative cultures truly compatible with the rules and norms of the market economy, and can they contribute to its lawful constitution?

Suggested Citation

  • Maria Łos, 1992. "From underground to legitimacy: the normative dilemmas of post-communist marketization," Palgrave Macmillan Books, in: Bruno Dallago & Gianmaria Ajani & Bruno Grancelli (ed.), Privatization and Entrepreneurship in Post-Socialist Countries, pages 111-142, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12393-3_7
    DOI: 10.1007/978-1-349-12393-3_7
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    Cited by:

    1. Stephan, Paul III, 1996. "Toward a positive theory of privatization--lessons from soviet-type economies," International Review of Law and Economics, Elsevier, vol. 16(2), pages 173-193, June.

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